WDIC Ltd - Filleted accounts

Registered number

09001381

WDIC Ltd

Filleted Accounts

31 January 2026

WDIC Ltd
Registered number:		09001381
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		195,116			219,505
Tangible assets	4		25,644			33,970
			220,760			253,475

Current assets
Debtors	5	5,639			6,552
Cash at bank and in hand		1,124,091			808,696
		1,129,730			815,248

Creditors: amounts falling due within one year	6	(201,705)			(180,487)

Net current assets			928,025			634,761

Total assets less current liabilities			1,148,785			888,236


Provisions for liabilities			(6,410)			(8,492)


Net assets			1,142,375			879,744

Capital and reserves
Called up share capital			1			1
Profit and loss account			1,142,374			879,743

Shareholder's funds			1,142,375			879,744

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



Dr G W Patel
Director
Approved by the board on 30 October 2026

WDIC Ltd
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5 years
	Computers and office equipment	over 4 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			9		12


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 February 2025					338,894
	At 31 January 2026					338,894

	Amortisation
	At 1 February 2025					119,389
	Provided during the year					24,389
	At 31 January 2026					143,778

	Net book value
	At 31 January 2026					195,116
	At 31 January 2025					219,505

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.


4	Tangible fixed assets
		Plant and machinery etc		Computers and office equipment		Total
£			£		£
	Cost
	At 1 February 2025	57,274		13,484		70,758
	Additions	808		-		808
	At 31 January 2026	58,082		13,484		71,566

	Depreciation
	At 1 February 2025	29,268		7,520		36,788
	Charge for the year	7,170		1,964		9,134
	At 31 January 2026	36,438		9,484		45,922

	Net book value
	At 31 January 2026	21,644		4,000		25,644
	At 31 January 2025	28,006		5,964		33,970


5	Debtors			2026		2025
£					£

	Other debtors			5,639		6,552


6	Creditors: amounts falling due within one year			2026		2025
£					£

	Trade creditors			12,941		21,565
	Taxation and social security costs			112,505		96,635
	Amounts owing to related parties			71,909		57,446
	Other creditors			4,350		4,841
				201,705		180,487


7	Other financial commitments			2026		2025
£					£

	Total future minimum payments under non-cancellable operating leases			1,633		6,533


8	Other information

	WDIC Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	19 Wigan Road
	Ashton-in-Makerfield
	Wigan
	WN4 9AR